Nigeria Launches Tech Funds Totalling $618 Million For Youth Investors.
Nigeria’s Vice President Yemi Osinbajo launched the $618 million fund under the Investment in Digital and Creative Enterprises (iDICE) in the federal capital Abuja, on Tuesday to support tech and creative sectors for young investors who struggle to raise capital…
The African Development Bank’s Coding for Employment Program Opens Second Center in Kenya
The African Development Bank has opened a second Information and Communications Technology Centre of Excellence at the United States International University-Africa in Nairobi. This marks an important milestone for the Bank’s Coding for Employment program, and its growing partnerships with…
Nigeria Gains $976 Million Of Africa’s $3.3 Billion Tech Startup Investments.
Following the news of two Nigerian start-ups winning $300,000 at LEAP tech conference pitch in Riyadh Nigeria attracted the largest technology startup investments in Africa in 2022, according to a new report. Indeed, of the $3.3 billion investment that Africa…
Three Nigeria Tech Startups To Share $750,000 Support Grant.
Out of 11 innovative companies selected across Africa, three Nigerian tech startups have been selected to join stage 3 of the Africa Startup Initiative Program (ASIP) Accelerator Programme by Startupbootcamp Africa. The Nigerian startups include PharmaServ, Park well, and Jand2Gidi. …
HRF Bitcoin Development Funds Shares $325,000 Grants To Africa Organizations, Others.
The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants of $325,000 to go out across the globe to support builders in the industry. According to the announcement sent to Bitcoin Magazine, “Areas of focus include…
Venture Capital Funding For African Fintech Start-ups Drops In End Of Q3.
Fintech startups have dominated Africa’s venture capital funding ecosystem, with Nigerian startups receiving bulk of the funding, but data from CB Insights suggests that investments in the sector have dropped significantly in Q3 2022. In 2021, fintech startups raised $2…
Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
Crypto Ecosystem Funding Report From Messari Shows Capital Raise in 2022 Surpassed the 2021 Capital Raise. A significant sum of money has been injected into startups across various sectors of the crypto ecosystem according to the “H1 2022 Fundraising Report”…
How to Fund a New Small Business
Running a business of your own and being your own boss can be just what you need if you are tired of the challenges and limitations that come with working for someone else. However, even though you might have some…
Cross-border Payments Provider Afriex Receives Funding From Stellar DF
The Stellar Development Foundation (SDF) has announced the launch of the $30 Million Matching Fund which takes a novel approach by co-investing alongside investors globally, matching investments raised from a lead investor up to $500,000. The Fund is for pre-seed…
Africa’s First Blockchain-Based WiFi Sharing Network WiCrypt Closes Strategic $1.5 Million In Funding
Led By AU21 Capital, With Participation From Polygon Founder Sandeep Nailwal, Cardano’s Occam, Inclusion Capital, And Outlier Ventures, Wicrypt Is The First Mobile Internet Data Sharing Platform From Africa Without Need For Third-Party Integration NOVEMBER 8, 2021, Enugu, Nigeria —…